Independent Franchise Partners LLP Increases Position in Oracle Co. (ORCL)

Independent Franchise Partners LLP lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,646,053 shares of the enterprise software provider’s stock after acquiring an additional 291,286 shares during the quarter. Oracle makes up 7.1% of Independent Franchise Partners LLP’s portfolio, making the stock its 6th biggest position. Independent Franchise Partners LLP’s holdings in Oracle were worth $834,305,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Peak Asset Management LLC raised its holdings in Oracle by 2.7% in the fourth quarter. Peak Asset Management LLC now owns 147,663 shares of the enterprise software provider’s stock worth $6,982,000 after purchasing an additional 3,951 shares in the last quarter. Signaturefd LLC raised its holdings in Oracle by 24.2% in the fourth quarter. Signaturefd LLC now owns 15,145 shares of the enterprise software provider’s stock worth $716,000 after purchasing an additional 2,952 shares in the last quarter. Granite Investment Advisors LLC raised its holdings in Oracle by 1.0% in the fourth quarter. Granite Investment Advisors LLC now owns 255,171 shares of the enterprise software provider’s stock worth $12,064,000 after purchasing an additional 2,435 shares in the last quarter. Pitcairn Co. raised its holdings in Oracle by 15.1% in the fourth quarter. Pitcairn Co. now owns 29,580 shares of the enterprise software provider’s stock worth $1,398,000 after purchasing an additional 3,883 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in Oracle by 4.1% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,396,131 shares of the enterprise software provider’s stock worth $775,209,000 after purchasing an additional 641,231 shares in the last quarter. Institutional investors own 57.96% of the company’s stock.

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Shares of NYSE:ORCL opened at $46.05 on Tuesday. The stock has a market capitalization of $190,752.88, a price-to-earnings ratio of 18.49, a PEG ratio of 1.70 and a beta of 1.15. The company has a debt-to-equity ratio of 1.16, a quick ratio of 4.30 and a current ratio of 4.33. Oracle Co. has a 52-week low of $43.60 and a 52-week high of $53.48.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 19th. The enterprise software provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.11. The business had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Oracle had a return on equity of 21.77% and a net margin of 9.25%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $0.69 earnings per share. equities analysts anticipate that Oracle Co. will post 2.76 EPS for the current year.

Oracle declared that its board has approved a stock repurchase program on Friday, February 2nd that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the enterprise software provider to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 17th will be given a $0.19 dividend. The ex-dividend date is Monday, April 16th. This represents a $0.76 annualized dividend and a yield of 1.65%. Oracle’s payout ratio is 30.52%.

In other Oracle news, Director Jeffrey Berg sold 75,000 shares of the firm’s stock in a transaction dated Thursday, April 12th. The stock was sold at an average price of $45.94, for a total value of $3,445,500.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Thomas Kurian sold 1,700,000 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $50.29, for a total value of $85,493,000.00. Following the completion of the transaction, the insider now directly owns 1,522,983 shares in the company, valued at $76,590,815.07. The disclosure for this sale can be found here. Insiders sold 2,052,500 shares of company stock worth $102,574,488 over the last three months. Insiders own 29.00% of the company’s stock.

ORCL has been the subject of a number of research reports. Drexel Hamilton reiterated a “buy” rating and issued a $62.00 price objective on shares of Oracle in a report on Tuesday, January 2nd. ValuEngine upgraded Oracle from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. JPMorgan Chase set a $55.00 price objective on Oracle and gave the stock a “buy” rating in a report on Monday, December 18th. Vetr upgraded Oracle from a “hold” rating to a “buy” rating and set a $51.77 price objective for the company in a report on Monday, February 5th. Finally, Instinet assumed coverage on Oracle in a research note on Wednesday, January 24th. They issued a “buy” rating and a $51.12 target price on the stock. Seventeen investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Oracle currently has an average rating of “Buy” and a consensus target price of $56.11.

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Oracle Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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